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Part ll, with charts this time. Are the longs or shorts facing higher risk?
BTW, at this time, 07:53 CT, the mini SP is UNBELIEVABLY agnostic on the new
numbers.
Michael
----- Original Message -----
From: "Michael Ferguson" <wl7bdn@xxxxxxxxxxxxx>
To: <realtraders@xxxxxxxxxxxxxxx>
Sent: Friday, June 16, 2000 07:45
Subject: [RT] Re: S&P Bullish view
| Or, a narrow sideways channel, butting up against resistance. The question
| is, are the longs or the shorts facing higher risk?
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|
| Michael
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| | I like it! Here's a gif of the Nasdaq from 8/21/96. The current market
| looks
| | virtually identical. The handle in that case persisted for about another
| two
| | weeks longer - and then the market took off for a huge run!
| |
| | rgds phil
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| |
| |
| | > Bullish view on (cash) SP which must be resolved by Monday. Green and
| | > Red lines mark longer term resistance and support. Blue lines mark a
| | > very bullish cup and handle in which the bottom of the handle has been
| | > limited to the 38% retracement level. Handle will run out of room
within
| | > 2 trading days. AGet revised count is also very bullish. Not to
mention
| | > that Friday is both triple witching and full moon so this should be
| | > resolved quickly.
| | >
| | > Earl
| | >
| |
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